- Q4 production uptick of 10 per cent
- Further expansion projects up for approval this quarter
Copper giant Antofagasta (ANTO) says it will hit its 2023 guidance a year late. The company knocked its production expectation for last year by around 5 per cent, but says it will produce 670,000-710,000 tonnes of the red metal in 2024 as new desalination and processing plants ramp up. There was already an uptick in the fourth quarter, to 191,500 tonnes of copper, taking the total to for the year to 660,000.